Firms Step up to the Plate on Rule 22c-2

Firms are starting to implement changes to comply with the Securities and Exchange Commission's redemption fee Rule 22c-2, but not without encountering challenges.

The deadline for the rule, which requires fund companies to have information-sharing contracts in place with their intermediaries, is fast approaching on April 16. The date by which fund companies are required to begin collecting data for analysis comes six months later on Oct. 16.